Sold Featured Co-Living Rental Guarantee

Lot 23 Alcott Drive, Newborough VIC

Gippsland, VIC, 3825

$ 614,600

Sold Featured Co-Living Rental Guarantee
Gippsland, VIC, 3825
Lot 23 Alcott Drive, Newborough VIC-0
Lot 23 Alcott Drive, Newborough VIC-1
Lot 23 Alcott Drive, Newborough VIC-2
Lot 23 Alcott Drive, Newborough VIC-3
Lot 23 Alcott Drive, Newborough VIC-4

Property Images

Lot 23 Alcott Drive, Newborough VIC-0 Lot 23 Alcott Drive, Newborough VIC-1 Lot 23 Alcott Drive, Newborough VIC-2 Lot 23 Alcott Drive, Newborough VIC-3 Lot 23 Alcott Drive, Newborough VIC-4

Overview

Property ID: LA-10330

  • Co-Living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on Feb 06, 2025 at 01:56 pm

Property Type: Co-Living
Price: $ 614,600
Land Price: $ 210,000
Build Price: $ 404,600
Gross Per Week: $ 1,250
Gross Per Annum: $ 65,000
Gross Yield: 10.58%
Capital Growth 12 Months: 1.04%
Capital Growth 10 Year Annualised: 6.91%
Vacancy Rate: 0.54%
Property Size: 205 m2
Land Area: 526 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: January 2025
Property ID: 10330
SKU: 1029

Description

This modern house and land package offers a spacious 5-bedroom, 5-bathroom home with two living areas and premium inclusions. Located in the North Quarter Estate, the property includes turnkey features such as landscaping, fencing, and a driveway.

Suburb profile:

Newborough, located in Victoria's Gippsland Region, is known for its family-friendly environment, excellent amenities, and proximity to natural attractions. It provides a peaceful suburban lifestyle with easy access to schools, parks, and shopping centers.


Site Inclusions - Site Works, Foundations & Connections:

  • Fixed price site costs, including rock excavation.
  • Engineered waffle slab.

Preliminary Inclusions:

  • All required permits.
  • Survey and drafting plans.
  • Engineer-designed slab/foundations.

Internal Inclusions:

  • 2590mm ceiling height.
  • Timber laminate flooring.
  • Caesarstone benchtops.
  • Quality cabinetry.
  • Premium bathroom fittings.

External Inclusions:

  • Colorbond fascia, gutter, and downpipes.
  • Feature front entry door.
  • Driveway.
  • Letterbox.

Landscaping Inclusions:

  • Turf, plants, mulch, and fencing.
  • Concrete paths.

Electrical Inclusions:

  • LED downlights throughout.
  • Solar hot water system with gas booster.

Optional $32,990 Furniture package includes:

  • 5 x Queen Beds with Mattresses
  • Drawers, Side Tables & Lamps
  • Sofa, TV Unit, Coffee Table, Armchair
  • TV & Internet Modem
  • Dining Table & Chairs
  • Kitchen & Laundry Appliances
  • Full Cookware & Cutlery Set

Appliance Inclusions:

  • 900mm stainless steel appliances, including dishwasher.

Energy Efficiency:

  • 7-star energy rating.

Warranties:

  • 10-year structural warranty and homeowner’s warranty.


This premium 5-bedroom, 5-bathroom house and land package in Newborough is an excellent opportunity for investors and families seeking a turnkey property with modern design and quality inclusions.

A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.

Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.

A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.

Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.

A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.

Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.

Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.

You can read more about Co-Living here: https://ausinvestmentproperties.com.au/blogs/co-living-the-future-of-australian-housing

Disclaimer*

All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Documents

Rental Appraisal_17381258687RlBb.pdf

Certainty Property Five Year Guarantee_1738125897MXlC1.pdf

Certainty Furniture Package 5 BED_1738125901reMmJ.pdf

Address Lot 23 Alcott Drive, Newborough VIC
City Gippsland
State VIC
Postcode 3825
Suburb N/A

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

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